Victoria Mortgages near-prime mortgage range introduced

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Victoria Mortgages near-prime mortgage range introduced

The Victoria Mortgages near-prime mortgage range has been introduced and is available to all customers immediately.

Mortgages start with rates from 5.45 per cent for the self-certification fixed-rate products, while variable rates begin at 4.81 per cent, reports Mortgage Introducer.

Kevin Hillgren, chief executive at Victoria Mortgages, said: "The new near-prime range is designed for the fastest growing segment in the market – borrowers who have the odd consumer or credit card hiccough."

Customers of the Victoria Mortgages near-prime mortgage range can obtain up to 90 per cent loan to value and in addition must pay completion fees.

"Victoria has shown itself to be at the forefront of the market in the heavy adverse arena and we are now ready to bring our service standards to the near-prime sector," concluded Mr Hillgren.

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